FINWIRES · TerminalLIVE
FINWIRES

Research Alert: CFRA Keeps Hold Opinion On Shares Of Eqt Corp.

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price remains $62, a combination of relative valuation and DCF models. On a relative basis, we apply a 6.2x multiple of enterprise value to projected 2027 EBITDA, above EQT's historical forward average. We think a small premium is defendable, given an improving operating cost profile. Our DCF model, using medium-term free cash flow growth of 4%, terminal growth of 2%, and WACC of 6.7%, yields a value of $70 per share. We lift our 2026 EPS estimate by $0.04 to $4.85 and 2027's by $0.01 to $4.68. Natural gas pricing has dissipated to a degree recently, leading EQT to pull back some production in Q2, but we still see modest volume growth in 2026. Longer-term growth drivers tied to data centers and liquefied natural gas export demand look intact, in our view. We think the most positive development is the improvement in free cash flow. Net debt levels are creeping closer to management's targeted levels.

Related Articles

Asia

CGN Mining Achieves 97% of Q1 Uranium Production Plan

CGN Mining (HKG:1164) said its uranium production for the first quarter of 2026 totaled 580.9 tonnes of uranium (tU), achieving 97% of the planned output of 598.4tU, according to a Thursday Hong Kong bourse filing.Shares of the miner were down nearly 2% in Friday morning trade.Production at its Semizbay-U joint venture reached 154.5tU, completing 89% of its quarterly plan, while output at its Ortalyk associate totaled 426.4tU, meeting 100% of target levels.As of March 31, CGN Mining held 967tU, with an average cost of $80.60 per pound, and had undelivered contracted sales of 2,519tU at an average price of $89.20 per pound, the miner said.

$HKG:1164
Asia

Structural Monitoring Systems Posts Lower Fiscal Q3 Net Profit; Shares Up 7%

Structural Monitoring Systems (ASX:SMN) reported Friday fiscal third-quarter net profit after tax of AU$1.2 million, down from AU$1.5 million a year earlier.Avionics revenue for the three months ended March 31 increased to AU$5.7 million from AU$5.4 million in the prior year, while contract manufacturing revenue declined to AU$2.2 million from AU$2.5 million over the same period.The company's shares rose around 7% in recent Friday trade.

$ASX:SMN
Asia

Brazilian Critical Minerals Starts Auger Drilling at Brazil Project in March Quarter; Shares Up 3%

Brazilian Critical Minerals (ASX:BCM) started auger drilling at the Ema project in Brazil during the period ended March 31, delivering rare earth element intercepts across 49 holes, supporting a mineral resource estimate update and in-situ recovery development pathway, according to a Friday filing with the Australian bourse.Drilling confirmed the lateral continuity necessary for the design of the in-situ recovery wellfield, with mineralization extending across an 82-square-kilometer area, the filing said.Two trial mining license applications and final exploration reports are under evaluation, while the environmental permit is progressing, per the filing.Shares rose 3% in midday trade on Friday.

$ASX:BCM